Urban Outfitters (NASDAQ:URBN – Get Free Report) had its price target increased by analysts at Robert W. Baird from $47.00 to $49.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the apparel retailer’s stock. Robert W. Baird’s price target suggests a potential upside of 3.18% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Barclays decreased their price objective on shares of Urban Outfitters from $52.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Bank of America decreased their target price on Urban Outfitters from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Jefferies Financial Group dropped their price target on shares of Urban Outfitters from $35.00 to $34.00 and set an “underperform” rating on the stock in a research report on Thursday, August 22nd. Wells Fargo & Company lowered their target price on shares of Urban Outfitters from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Finally, Morgan Stanley cut their target price on shares of Urban Outfitters from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Urban Outfitters presently has an average rating of “Hold” and an average price target of $46.27.
Check Out Our Latest Analysis on Urban Outfitters
Urban Outfitters Stock Up 18.3 %
Urban Outfitters (NASDAQ:URBN – Get Free Report) last issued its earnings results on Tuesday, November 26th. The apparel retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.28. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Urban Outfitters had a return on equity of 15.49% and a net margin of 5.83%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. On average, equities research analysts expect that Urban Outfitters will post 3.65 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Tricia D. Smith sold 11,730 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $35.29, for a total value of $413,951.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 31.80% of the company’s stock.
Institutional Investors Weigh In On Urban Outfitters
Institutional investors and hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. lifted its holdings in shares of Urban Outfitters by 7.6% during the 3rd quarter. Franklin Resources Inc. now owns 35,686 shares of the apparel retailer’s stock worth $1,315,000 after acquiring an additional 2,527 shares during the period. Geode Capital Management LLC increased its stake in Urban Outfitters by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,481,469 shares of the apparel retailer’s stock valued at $56,765,000 after acquiring an additional 18,249 shares during the period. XTX Topco Ltd raised its position in Urban Outfitters by 367.0% in the third quarter. XTX Topco Ltd now owns 25,427 shares of the apparel retailer’s stock worth $974,000 after purchasing an additional 19,982 shares in the last quarter. Zacks Investment Management lifted its stake in Urban Outfitters by 10.4% during the third quarter. Zacks Investment Management now owns 43,607 shares of the apparel retailer’s stock worth $1,671,000 after purchasing an additional 4,092 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in Urban Outfitters during the third quarter valued at approximately $3,894,000. Institutional investors own 77.61% of the company’s stock.
Urban Outfitters Company Profile
Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.
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